 Good afternoon and welcome to part two of the lecture, make up to $20,000 a month in 30 minutes a day. So I was talking about CTRX. This was another wonderful gap down. The stock closed up here. This is the night before on Wednesday, approximately 5170, 5180-ish, and gap down the next morning under $47. So this was a nice bearish gap, a golden gap, to watch to short in the direction of the gap which is down. The stock gap down. So what happened here with this? Well, it opened, this is a one-minute chart again, rallied first and set up. Now, this is a one-minute chart. The stock closed, okay, this is Wednesday night up here, and then it opened the next morning right here. So this is 9.30, this is the open of the trading day. Market opens at 9.30 Eastern time. So you have to wait for a setup. You have to wait for confirmation, wait for confirmation the stock is actually going to go in the day. And again, you're looking for the trade within the first 30 minutes, between 9.30 and 10. Entry time was 9.43. Price is 47.25. Stock was over 47.55. This is a nice entry on a stock at this price point, particularly CTRX, which can be a little whippy. If you risked an advanced risk of $600, which is 30 cents, you would take a 2,000 share lot. Exit is at 45.70, and this is not even the full move on this. So the beautiful thing about trading in the beginning part of the day is you get a nice piece of the move, a nice chunk of the move when you take a position into this timeframe. Total profit was $3,100 in less than 15 minutes. And that's the way that I like to trade. I like to trade and have my day in as quick as possible. Again, the risk to reward is really great. 5.6, 5.6, that means for every dollar, you risk to be $5. And that's how you can risk $600 to make $3,100. So for $3,100, you say, well, how many hours of work did I have to do? Well, you add up the prep time, say you prep for one hour, anywhere from 30 to 60 minutes, plus 15 minutes in the trade. So one hour, 15 minutes of work to actually get paid $3,100 for less than two hours of work is outstanding. That's a very high pay rate. And at one of the highest rates per hour, one of three per hour is working eight hours a day. You know, if you were a doctor, if you were a physician, and you made $100 an hour, it would be around 800 bucks a day. It would be your pay. Even if you were a great physician, you make $200 an hour. That's still $1,600 a day, but you're still working eight hours. And instead, you can trade and make $3,100, which is more than that and work less than two. And that's one of the reasons that trading is such a great career once you learn how to trade because you get paid a lot of money for a short period of time. So if you break it down what your time is worth, you're actually getting paid a lot for the time investment that you put into trading each calendar day. And again, this one had follow through two. Beautiful follow through in this, meaning you could have played it the day at the gap and then the second day on down. Really nice. Nice show of weakness in this. So once again, nice follow through could do it for an overnight or a swing trade. Serious are already just playing around. I asked this question because a lot of people, I think, are back and forth and they say, well, I am serious. I am serious, they say, but they're not really. Because they're not really serious about learning. Learning, studying, like this girl here, she's studying. She's studying hard. She wants to get it down. She wants to learn it. She wants to be successful. She really, really wants it. So are you serious? Are you just playing around? You have to decide. But the bottom line is if you want to make good money, then you will get serious and you won't learn what to do because you won't make real money until you get serious. It's about having a certain level of commitment, which means you say to yourself, I'm committed to doing this. I'm committed to doing what it takes. I actually want to do this. And this is my goal. If you want to make a high rate per hour, and really that's, I mean, I would say $50 an hour or more, but if you want to make a high rate per hour in any career, you have to have a level of commitment. There has to have a level of commitment. Anyone that does any type of job where they have to go to schooling, like becoming an attorney or a physician, that's commitment. And in training, you don't have to go to school for four years, 10 years, eight years, but you do have to be committed, committed to take a class to learn what to do, to get it down, to get it right. It's a level of commitment that I think most people don't consider that they really need, and you do need it if you want to be able to work for less than two hours a day and have a trial where you make $2,000, $3,000. So commitment comes from learning. Learning what to do first and then trading. Many people say, well, I only have this much money. I gotta use this money for my trading account. Well, you're gonna lose that money if you don't know how to trade. It'll go pretty quickly in the market if you don't learn what to do. So you have to take what you have, learn what to do, and then trade. How long does it take for someone to learn? Well, it can take various different amounts of time because everyone comes from a different place. Some people have more time to study than others. Some people already know how to trade, read charts, but they don't know gaps. And so then they learn how to trade gaps with me. I've taught people that I've had no idea how to trade it. I'll never even looked at a chart or a candlestick. And I've taught people like that as well. So, and more than one actually. So I've taught people that I've had no experience in the market or trading, and I've taught people that are experienced in the market and trading. And I'd say the time level difference varies from person to person. I don't know your experience level. I don't know how long it'll take you to get what I have to teach. You might get it right away. That's your very bright. Or you might need to ask me a lot of questions. And that's fine. I'm here to answer people's questions, help to mentor them, help to learn, to teach them so they learn what to do. Because it is important for me, for people, to actually get this right. It's about putting a plan of action in place. You decide this is what I'm gonna do. I'm gonna do this, this, and this. And is it about getting serious? So first you learn the golden gap system. You learn how to rate the gaps and pick stocks that work. Then you learn how to read directional bias correctly. Many people do not know how to do this. Then you gotta prove you can be consistent. You have to prove that you can be consistent, which means before you start risking an advanced risk, you prove to yourself you can even make it on a beginner's risk. And once you're proven you can be consistent, then you can increase your risk, and so on and so forth. So how much do risk per trade to make $20,000 a month? On average, to make $250,000 per year is an annual income, trading gaps, a normal risk unit of $500 per trade is suggested. Once a trader's experience with a system you can learn to do ads to the original position. Doing ads helps you make more money with less risk. And it will also help you get good at holding to bigger targets. And you can make more when you hold a bigger target. So though, you know, you don't have to. How much to risk per trade, $500, if $500 is your R, that means on the low end, this is very conservative. I'm being very conservative here. Your goal is three Rs. On the low end, if you risk $500, that's 1500 bucks. A lot of trades will make more than three Rs. So if you're in the mid-end range of six Rs, that's $3,000 in the mid-range, risking 500. And 10 Rs, if you hold something to a dream targetor, if it goes to the dream target quickly, $5,000 on the high end to risk 500. So in order to make $20,000 a month, you would need to make 40 Rs a month, or 10 Rs a week. That's very realistic, very realistic, because three R trades a week is nine Rs per week. That's 36 Rs per month, and it gets you that $18,000 a month, and you're right there. And obviously this is only three trades a week. There's five days in a week. I typically do one thing a day, to be honest with you, but some people do more than that, because there's more than one gap in a day. So you can even do two, two, three R trades in a day. You could make your goal in just one day, you could do two, three trades. Now I like to trade doing one thing at a time. Sometimes I do too. But it's not that often. But I really like to focus on one. So this is only for three days. Three Rs for three days gets you at your goal of making 18,000 a month, okay? And this is on the low end of the risk units. This is not making 10 R trades. This is, and you're gonna have some big trades in there. You're gonna have some big trades in there. This is what's gonna take you over the mark. But you have to learn how to do it. You have to learn how to do it. You have to learn how to do it. Most people are making that are even trading and making money or making one R, a half an R, or they're breaking even. You can't make real money like that. You've gotta actually be productive, profitable. You've gotta make it. You've gotta book the cash. It's about income generation. So once you become skilled at trading gaps and rating gaps, you can increase your risk accordingly. If you wanna make 200 to 250,000 per year and annual income trading gaps, a normal risk, you know, $500 per trade is adjusted. And once a trader is making over $250,000 per year, the sky's the limit. Because once you reach this level, you have a lot of future income potential and you can trade for yourself or also for other people as well. Trainers who make money have unlimited opportunities available to them. They can do lots and lots and lots of things. Then you can go get a job working for somebody else at a trading desk or a hedge fund or at a bank. So I suggest a plan of action for beginners is what? Take the golden gap course. Learn how to rate gaps and practice taking the entries, trading on demo for a week. Trade a live account with small size of a risk of $50 for one to four weeks. Trade a live account with medium risk size, $100 for one to three months, okay? To build the account and gain live experience. And then trade a live account with increased size of about 150 to 200 for three to nine months to build the account and gain live experience. And then after that, you can go to an advanced level. Now, if you find you're making faster progress, obviously you can shorten these time frames. I suggest looking at things on a quarterly basis when you're increasing your risk. I always suggest that to people. And the best time to do that is the start of an earnings season and they run quarterly. So the idea is to trade and trade every day that you can and gain the experience and be committed to doing it. You have to start somewhere. You have to make $1,000 a month before you can make $2,000 a month. You have to make three before you can make six. You have to make six before you can make 10. And you have to make $10,000 a month before you can make $20,000 per month and so on and so forth. This is just what it is. You know, you can't start just roll out of it and all of a sudden make $20,000 a month. You have to start at the beginning. Make $1,000, make $2,000, make $3,000, make $4,000. And this is how you do it, okay? So once you're averaging $20,000 a month, then your goal is to just build your base. Meaning you could make $20,000, keep 10 in the account, take 10 out, make $20,000, take five out, leave $15 in. I mean, this is how you're growing your account where you get more buying power too. The goal is then to just earn more to raise the capital balance in your account so you have more buying power to increase your size to make more money. So you have to focus on the right information to get this right, to make this kind of money and reading gaps is a skill you can learn. If you want to make money, you will pay me to teach you and you will learn it. You will happily pay me to teach you and you will learn it because if you do not take this seriously enough or want to invest money in a class, then you don't really want this bad enough, okay? If you don't want to invest money in a class or pay someone to teach you or take your time to learn it that you don't want it badly enough to make $20,000 a month working only 30 minutes a day. If you want to make this kind of high rate of return power for your time and your work and your effort, you will do what it takes to make it. Part of that is a level of commitment for yourself and that level of commitment involves paying someone to teach you and taking a class. And the cost of my class is $2,500. So it's one of these things where you have to decide how badly do you want it. You have to decide how much are you committed. Reading gas is a skill. It's a skill you can learn and I'm teaching people how to do it. Here was the FSLR trade that flipped and went as along. This is back from last week. So the goal is to trade golden gaps. Number one, trade only golden gaps so you have a high rate of success because you want to make money in many, many, many, many, many, many days. High rate of success in the direction of bias. Two, get the best entry you can with precision quickly in the morning for 30 minutes. And number three, take size in the trade so you can make $20,000 a month or way more by trading gaps. So you've got to get to the point you learn what to do so you can take the size because obviously if something moves, for example, if you have 3,000 shares and it moves $1, that's $3,000. You have 1,500 shares and it moves $1, that's $1,500. So the idea is to take the size because the trades are the same. When someone's a beginner and someone's advanced, the things they're doing should be exactly the same. The only difference is the sizing and the risk amount. So you can really move up the ladder if you're getting it. So that's up to you. Again, the level of commitment. The golden gap course, this is a class that I teach. The golden gap seminar teaches a 26 point rating system to find the best gap to play each day. The seminar also teaches you how to play the stock on the day. The play is important because this is how you make money. And you want to make money through trading. That's the reason I trade. The 26 point rating system is the checklist you go through every morning when you're going through the gaps. Just go through it, you check, check, check, check, check and you add them up. The goal is to get 20 points or more. This gives you a high rate of probability that the stock will work. And it gives you conviction because it's detailed, precise, and complete. This conviction will help you to take size in your trades which will allow you to make more money. And once you know how to take precise entries you will be able to do it with size and conviction. Once you start trading with size, precision, accuracy, conviction and consistency you can make $20,000 a month and even more. It's the idea of once you start to actually do it have the accuracy, have the precision, have the conviction and the consistency. Trading provides a great lifestyle. Meaning that you can have your whole afternoon off, your weekends off. It's a really great lifestyle. I think this is one of the best things I like about this job besides the money. So empower yourself today, today to learn how to trade. If you wanna wait, you can. You're just putting off eventually something that may really make your life better. So you have to think about it. Where are you at right now? Where do you wanna be in six months? Where do you wanna be by January 2015? Because time is moving on and time doesn't wait for anyone and here it is. It's March, before you know it. It'll be April, it'll be Easter, it'll be spring. Can't wait for spring and you want to get going so that you can take advantage of the heavy trading times in the spring months. So the Golden Gap course is a complete system to use to trade. It teaches you all the pieces of the puzzle that you need in order to be a successful trader training gaps. It's called the Golden Gap course and it's a full two-day course on how to strategically find pick and play stops that are professional bearish gaps. Retakes are free online. The class is online. You can be anywhere in the world and take it. And retakes are free. I teach the class live. You can ask me questions live. I answer all the questions in the class. The dates are this weekend, March 8th and 9th from 9 a.m. to 5 p.m. Eastern time. Cost of the class is 24.99. If you're interested, sign up and register as soon as you can. I take a limited amount of people for every class. Then line is Friday, March 7th at five o'clock Eastern time. Email me at melissa at thestockswish.com. I'm also doing a special this month on the Trends course. The Trends course is a course on how to retrends and stock charts. This class is March 25th and 26th from 1 to 5. Cost of this class is normally 9.99. However, I'm running a special. If you wanna do both classes this month and March, great way to start off the year. You can do both classes for 29.99. You will save $500 by doing this. So it's a combo special that I'm running for the month of March. Email me at melissa at thestockswish.com if you'd like to sign up for both classes or one of the classes. Again, the Golden Gap course is this weekend, March 8th and 9th. So take the leap into a brand new life for yourself, which is to trade. To trade! Testimonial for amazing weekend. George wrote this and said he had an amazing weekend. He did the class back in February. He said, I never knew what my trading skills were missing until I took Melissa's course. I was lacking conviction. After Melissa's Gap class, I got up the next day and traded with conviction. Taking her class gave me the conviction I needed to make money in the market. I made $2,700 a Monday after the weekend class. I made the money back from the course in one trade and I never would have been able to do that without her. Best regards, this is from Jorge Quintero. He just did the class. He just did the class in February. So a great story here. And he said he had a great weekend and that was so nice of George. So who is this system for? This system is for anyone. You do not have to have a college degree to do this. You don't have to have a finance background to do this. You could be working at McDonald's and decide you wanna learn how to trade and better your life. So it really doesn't matter. You could be 20, you could be 75. This system is for anyone. Young, old, woman, man, it doesn't even matter. You can learn how to trade if you're committed to doing it and I can teach you. So it's about how valid you want to change your lifestyle and have a lifestyle of a trader, which is someone that does not have to work eight, 10 hours a day. Someone that makes a high rate of return for the time investment that they spend working and someone that has a financial security because the market exists and will exist for the end of time. It's not like working for someone else where you're gonna have to worry about if you don't get it over time. What if you get fired? Or even being able to take a vacation. You know, when you're a trader you can take a vacation when you want. It's a great, great life, a great schedule. And also you can make a lot of money trading. There's a picture of the Empire State Building I live in Manhattan from my building in the city. And trading has allowed me to be able to live here. Beautiful, beautiful, amazing view of the Empire State Building. So fantastic. And I love my life. I love where I live. I love New York. And thank goodness I figured out how to train and I'm doing it. So if you want to change something in your financial situation, if you have goals that are perfectly out there for you to achieve, you just have to decide your level of commitment if you really wanna learn how to do it. So spring is a great time to train. You can learn right now in March. Thank you so much everyone for coming today. If you're interested in the Golden Gap course for this weekend, email me at melissaatthestockswush.com. Thanks everybody. Have a great day.